{"id":887058,"date":"2020-10-27T11:37:52","date_gmt":"2020-10-27T15:37:52","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=887058"},"modified":"2026-05-01T04:40:02","modified_gmt":"2026-05-01T08:40:02","slug":"koho","status":"publish","type":"page","link":"https:\/\/www.finder.com\/ca\/banking\/koho","title":{"rendered":"KOHO review: Is it worth it?"},"content":{"rendered":"<p>KOHO is a Canadian fintech that offers a spending and savings account, a prepaid Mastercard, a credit building service and interest-free cash advances. It\u2019s one of several providers shaking up the Canadian banking industry by offering competitive financial services that can be managed through a user-friendly app.<\/p><p>But is KOHO a bank, how do KOHO accounts work and how does it stack up against other alternative banking options? Keep reading to find out.<\/p><h3>KOHO accounts and services<\/h3><ul><li>KOHO Essential<\/li><li>KOHO Extra<\/li><li>KOHO Everything<\/li><li>Credit Building by KOHO<\/li><li>KOHO Cover<\/li><\/ul><div class=\"rewards-banner-container\n   rewards--container   \" data-campaign-name=\"koho|everything|may-2026~cafsa\" data-end-soon-date=\"2026-06-24T03:59:59.000Z\" data-niche=\"CAFSA\" data-rewards-component=\"banner\">\n  <div class=\"rewards-banner\">\n    <div class=\"rewards-banner__top\">\n      <div class=\"rewards-banner__badge\">\n        FINDER REWARDS EXCLUSIVE\n      <\/div>\n    <\/div>\n    <div class=\"rewards-banner__content\">\n      <div class=\"rewards-banner__logo-and-share\">\n                  <div class=\"rewards-banner__logo-wrapper\">\n            <img decoding=\"async\" src=\"https:\/\/www.finder.com\/ca\/svg-image\/rewards-logo-koho\" class=\"rewards-banner__logo\" alt=\"KOHO logo\" loading=\"lazy\">\n          <\/div>\n        \n        <button class=\"rewards-banner__share-btn rewards-banner__share-btn--mobile\" type=\"button\" disabled aria-label=\"Share deal link\" data-share-url=\"https:\/\/www.finder.com\/ca\/cash-advance-apps\/koho-may-2026-promotion\">\n          <span class=\"rewards-banner__share-text\">Share<\/span>\n          <span class=\"rewards-banner__share-success\" style=\"display: none;\">Copied!<\/span>\n        <\/button>\n      <\/div>\n      <div class=\"rewards-banner__main-content\">\n        <div class=\"rewards-banner__text-content\">\n          <div class=\"rewards-banner__badges\">\n                                    <div class=\"rewards-banner__ends-soon\">\n              <svg class=\"luna-icon rewards-banner__ends-soon-icon\" style=\"--fill: var(--color-foreground-main)\">\n                <use href=\"#lightning\"><\/use>\n              <\/svg>\n              ENDS SOON\n            <\/div>\n                      <\/div>\n          <div class=\"rewards-banner__title-and-copy\">\n            <div class=\"rewards-banner__title\">\n                              Get <span class=\"rewards-banner__title-highlight\">$75<\/span> from Finder\n                          <\/div>\n            <div class=\"rewards-banner__copy\">\n        <span class=\"rewards-banner__copy-text\">\n          Become a Finder Member &amp; open and fund the <b>KOHO Everything Plan<\/b> through Finder to receive a <b>$75 digital Visa card<\/b>. Offer ends June 30, 2026.\n        <\/span>\n              <a href=\"https:\/\/www.finder.com\/ca\/finder-rewards\/finder-koho-promotion-terms-and-conditions-may-2026\" class=\"rewards-banner__terms-link\" target=\"_blank\" rel=\"noopener noreferrer\">\n                Separate T&amp;Cs apply.\n              <\/a>\n            <\/div>\n          <\/div>\n        <\/div>\n      <\/div>\n      <div class=\"rewards-banner__cta-wrapper\">\n                              <link rel=\"preload\" href=\"https:\/\/www.finder.com\/ca\/svg-image\/rewards-logo-koho\" as=\"image\" type=\"image\/svg+xml\">\n     <script>window.rewardsConfigs = window.rewardsConfigs || {};window.rewardsConfigs[\"koho|everything|may-2026~cafsa\"] = {\"startDate\":\"2026-05-01T08:00:00.000Z\",\"endDate\":\"2026-07-01T03:59:59.000Z\",\"showVisaLogo\":true,\"minimalUx\":true,\"countryCode\":\"CA\",\"isAlwaysOn\":false,\"validationDaysAfterEntry\":null,\"fulfillmentDaysAfterEntry\":null,\"bannerConfig\":{\"badgeText\":\"FINDER REWARDS EXCLUSIVE\",\"title\":\"Get $75 from Finder\",\"titleHighlight\":\"$75\",\"copyText\":\"Become a Finder Member \\u0026 open and fund the \\u003Cb\\u003EKOHO Everything Plan\\u003C\\\/b\\u003E through Finder to receive a \\u003Cb\\u003E$75 digital Visa card\\u003C\\\/b\\u003E. Offer ends June 30, 2026.\",\"termsText\":\"Separate T\\u0026Cs apply.\",\"ctaText\":\"GET DEAL\",\"iconUrl\":\"https:\\\/\\\/www.finder.com.au\\\/parent-theme\\\/members\\\/prod\\\/images\\\/rewards-icon.d44fdf8dde3fe4daca8c6a17d56489ca.svg\",\"nicheText\":\"\",\"mode\":\"modal\",\"metaData\":{\"productId\":\"bda4c8f7-5608-4c54-8eb0-27ec10413c06\"},\"logoUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/svg-image\\\/rewards-logo-koho\",\"nicheCode\":\"CAFSA\",\"value\":\"75\",\"faqUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/cash-advance-apps\\\/koho-may-2026-promotion\",\"validationDate\":\"2026-07-31T17:00:00.000Z\",\"fulfillmentDate\":\"2026-08-15T17:00:00.000Z\",\"termsAndConditionsUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/finder-rewards\\\/finder-koho-promotion-terms-and-conditions-may-2026\",\"isAlwaysOn\":false,\"validationDaysAfterEntry\":null,\"fulfillmentDaysAfterEntry\":null,\"referAFriendValue\":\"25\"},\"modalConfig\":{\"requireName\":true,\"title\":\"Get $75 from Finder\",\"subtitleText\":\"Your Visa card will be delivered here. Your details must match your new KOHO account\",\"items\":[{\"icon\":\"user\",\"text\":\"Become a Finder Member for free in seconds\"},{\"icon\":\"shopping-bag\",\"text\":\"Open and fund the KOHO Everything Plan within the promotion period\"},{\"icon\":\"confetti\",\"text\":\"Receive your digital Visa card from Finder on or before August 15, 2026\"}],\"heading\":\"Get $75 from Finder\",\"membersHeading\":\"Get $75 from Finder\",\"text\":\"\\u003Cb\\u003EHow it works\\u003C\\\/b\\u003E\\n* Become a Finder Member for free in seconds\\n* Open the \\u003Cb\\u003EKOHO Everything Plan\\u003C\\\/b\\u003E through Finder and fund the account within the promotion period\\n* Receive your digital Visa card from Finder on or before August 15, 2026\",\"membersText\":\"\\u003Cb\\u003EHow it works\\u003C\\\/b\\u003E\\n* Open the \\u003Cb\\u003EKOHO Everything Plan\\u003C\\\/b\\u003E through Finder and fund the account within the promotion period\\n* Receive your digital Visa card from Finder on or before August 15, 2026\",\"emailCaption\":\"Your Visa card will be delivered here. Your details must match your new KOHO account\",\"continueText\":\"GET $75 REWARD\",\"abortText\":\"SKIP REWARD, CONTINUE TO KOHO\",\"copyText\":\"Ends on June 30, 2026\",\"termsText\":\"T\\u0026Cs apply\",\"logoUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/svg-image\\\/rewards-logo-koho\",\"nicheCode\":\"CAFSA\",\"value\":\"75\",\"faqUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/cash-advance-apps\\\/koho-may-2026-promotion\",\"validationDate\":\"2026-07-31T17:00:00.000Z\",\"fulfillmentDate\":\"2026-08-15T17:00:00.000Z\",\"termsAndConditionsUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/finder-rewards\\\/finder-koho-promotion-terms-and-conditions-may-2026\",\"isAlwaysOn\":false,\"validationDaysAfterEntry\":null,\"fulfillmentDaysAfterEntry\":null,\"referAFriendValue\":\"25\"}};<\/script>\n          <a type=\"button\" class=\"rewards-banner__cta rewards--cta rewards--element-container\" data-product-id=\"bda4c8f7-5608-4c54-8eb0-27ec10413c06\" data-product-name=\"KOHO Everything Plan\" data-offer-id=\"27061\" data-provider-name=\"KOHO\" data-provider-id=\"cc53d1c3-c4ec-461a-bce0-4235a11de0a2\" data-rewards-campaign-name=\"koho|everything|may-2026~cafsa\" data-redirect-url=\"https:\/\/www.finder.com\/redirect\/ca\/savings-accounts\/koho-everything-plan-ca-savings-account-secure.html?nb=1&amp;src_country=ca\">\n            GET DEAL\n          <\/a>\n                <button class=\"rewards-banner__share-btn rewards-banner__share-btn--desktop\" type=\"button\" disabled aria-label=\"Share deal link\" data-share-url=\"https:\/\/www.finder.com\/ca\/cash-advance-apps\/koho-may-2026-promotion\">\n          <span class=\"rewards-banner__share-text\">Share<\/span>\n          <span class=\"rewards-banner__share-success\" style=\"display: none;\">Copied!<\/span>\n        <\/button>\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<h3>What is KOHO Financial?<\/h3><p>KOHO Financial is a financial technology company that\u2019s based in Vancouver. Founded in 2014, it offers a regularly expanding range of financial products and services designed to make it easier to manage your money.<\/p><p>You can get started with KOHO by opening an account. A KOHO account is best described as a hybrid chequing and savings account\u2014it supports unlimited daily transactions, offers a high interest rate on your entire balance and comes with a reloadable prepaid Mastercard that pays cash back on purchases.<\/p><p>KOHO also offers a credit building service to help you boost your credit score and interest-free cash advances to help you cover unexpected expenses through KOHO Cover.<\/p><h4>Is KOHO a bank?<\/h4><p>No, KOHO is a financial technology company, not a bank. It partners with federally regulated bank Peoples Trust to offer cash deposits.<\/p><p>However, it\u2019s worth noting that, in October 2024, KOHO announced it had secured $190 million in additional capital and that one of the uses of this funding would be supporting KOHO\u2019s efforts to secure a Schedule 1 bank licence.<\/p><h3>How do KOHO accounts work?<\/h3><p>KOHO accounts offer the following key features:<\/p><ul><li>Unlimited transactions<\/li><li>Free e-Transfers<\/li><li>Interest paid on your balance<\/li><li>Prepaid reloadable Mastercard and virtual card<\/li><li>Cash back on purchases<\/li><li>Free credit score monitoring<\/li><\/ul><p>There are three account plans to choose from\u2014<strong>Essential<\/strong>,<strong> Extra <\/strong>and<strong> Everything<\/strong>. The Essential plan is available for free when you meet deposit requirements, but Extra and Everything come with a fee of $18 or $22 (respectively) per month when billed yearly. The higher the monthly fee, the more perks the plan offers and the higher the savings interest rate and cash back earn rates.<\/p><p>Let\u2019s take a closer look at how these plans work.<\/p><article class=\"luna-card luna-card--border\">\r\n<div class=\"luna-card__block\">\r\n    \r\n  \t\r\n  \t\r\n    \r\n\r\n<div class=\"u-grid u-grid--alignTop\">\r\n     <div class=\"u-grid__col u-1\/4@m \" style=\"padding-bottom: 0px;\" data-product-id=\"8b673ad6-e24d-485b-bb40-180f76e2c206\" data-product-name=\"KOHO Essential Plan\" data-niche=\"Savings Accounts\" data-provider-name=\"KOHO\" data-rewards-campaign-name=\"\">\r\n<center><img decoding=\"async\" data-src=\"https:\/\/www.finder.com\/niche-builder\/671030f90746a.png\" class=\"lazy-load\" alt=\"KOHO Essential Plan\" src=\"https:\/\/www.finder.com\/niche-builder\/671030f90746a.png\" style=\"width: 100%; max-width: 200px;\" srcset=\"https:\/\/www.finder.com\/niche-builder\/671030f90746a.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/671030f90746a.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/671030f90746a.png?fit=600 600w\" sizes=\"(max-width: 600px) 100vw, 600px\" loading=\"lazy\"><\/center>\r\n            \r\n<center>\r\n<div class=\"detail-info 8b673ad6-e24d-485b-bb40-180f76e2c206\" style=\"cursor: pointer; z-index: 1;position: relative; margin-bottom: 1rem; display: inline-flex;\">\r\n  \r\n\r\n    \r\n      \r\n    \r\n    <a class=\"scoreCombined score__container finder-score\">\r\n      <span class=\"score__badge score__badge--excellent\">\r\n        <span class=\"score__value\">9<\/span>\r\n      <\/span>\r\n      <span class=\"score__text-wrapper score__text score__text--excellent\">\r\n        Excellent\r\n      <\/span>\r\n    <\/a>\r\n  \r\n<\/div>    \r\n  <\/center>\r\n  \r\n  <a class=\"luna-button luna-button--action luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/ca\/prepaid-cards\/koho\/koho-save-review\" role=\"button\">Read review<\/a>\r\n<\/div>\r\n<div class=\"u-grid__col u-3\/4@m\" style=\"padding-bottom: 0px;\">\r\n  <div class=\"\u201chas-padding-xsmall\u201d\"><\/div>\r\n<h4 id=\"8b673ad6-e24d-485b-bb40-180f76e2c206\" class=\"luna-card__title\" style=\"padding-bottom: 10px; font-size: 20px;\"><b>KOHO Essential Plan<\/b><\/h4>\r\n\r\n\r\n<div class=\"u-grid u-grid--alignMiddle\">\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 25px; font-weight: 900; color: #1D53FF;\"><b>2%<\/b><span class=\"table-popover\" rel=\"popover\" data-content=\"Opt-in to earn up to 2% interest. Interest calculated: daily. Interest paid: monthly.\" title=\"\" data-original-title=\"More info\">\r\n\r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Interest Rate<\/span>\r\n  <\/span><\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 25px; font-weight: 900; color: #1D53FF;\">\r\n$4\r\n\r\n\r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Account Fee<\/span>\r\n  <\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 25px; font-weight: 900; color: #1D53FF;\">$0\r\n\r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Transaction Fee<\/span>\r\n  <\/div>\r\n<\/div>  \r\n\r\n\r\n      <div class=\"has-overflow-auto luna-tabs\" style=\"margin: 0rem;\">\r\n    <ul class=\"luna-tabs__list\">\r\n       \r\n\r\n        <li class=\"active luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname0-8b673ad6-e24d-485b-bb40-180f76e2c206-1\" data-toggle=\"tab\">Info<\/a><\/li>\r\n \r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname1-8b673ad6-e24d-485b-bb40-180f76e2c206-1\" data-toggle=\"tab\">Pros + Cons<\/a><\/li>\r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname2-8b673ad6-e24d-485b-bb40-180f76e2c206-1\" data-toggle=\"tab\">More Details<\/a><\/li>\r\n    <\/ul>\r\n     \r\n      <div class=\"tab-content\">\r\n      \r\n \r\n      \r\n        <div class=\"tab-pane active\" id=\"pb-tabname0-8b673ad6-e24d-485b-bb40-180f76e2c206-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n              <div class=\"has-padding-xsmall\"><\/div>\r\n                              <div class=\"has-padding-xsmall\"><\/div>\r\n                \r\n                            Essential is KOHO's entry-level plan. It's $4 Essential plan monthly fee can be waived if you set up a recurring direct deposit (your paycheque or government benefits) or load $1,000 to your account each month. The account provides unlimited daily transactions and pays 2% interest on your balance, and you can set savings goals and set funds aside in 'Vaults' using the KOHO app. You're also rewarded when you pay for purchases with your KOHO card with 1% cash back on all grocery, transportation, eating and drinking purchases.\r\n            <\/div>\r\n        <\/div>\r\n\r\n      \r\n               <div class=\"tab-pane\" id=\"pb-tabname1-8b673ad6-e24d-485b-bb40-180f76e2c206-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n<div class=\"has-padding-xsmall\"><\/div>\r\n             <div class=\"u-grid u-grid--gutterCollapse\" style=\"margin: 0px;\">\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n                \r\n                <ul class=\"list-1\">\r\n                \r\n                  <li>Earn <b>2%<\/b><span class=\"table-popover\" rel=\"popover\" data-content=\"Opt-in to earn up to 2% interest. Interest calculated: daily. Interest paid: monthly.\" title=\"\" data-original-title=\"More info\"> interest<\/span><\/li>\r\n                \r\n                  <li>Unlimited transactions<\/li>\r\n                \r\n                  <li>Monthly fee can be waived<\/li>\r\n                \r\n                  <li>User-friendly app<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n              \r\n                <ul class=\"list-12\">\r\n                \r\n                  <li>You need to meet deposit requirements to avoid the monthly fee<\/li>\r\n                \r\n                  <li>No cheque deposits<\/li>\r\n                \r\n                  <li>Watch out for ATM and foreign transaction fees<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <\/div>\r\n                 <\/div>\r\n        <\/div>\r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname2-8b673ad6-e24d-485b-bb40-180f76e2c206-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n\r\n<table class=\"luna-table\" style=\"border: 0px;\">\r\n  <tbody class=\"luna-table__body\">\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Ongoing Interest Rate<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">2%<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Promotional Interest Rate<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">No promotional rate available<\/span>\r\n<\/td>\r\n  <\/tr>\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Monthly Account Fee<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">$4\r\n<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n   \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Minimum Balance<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">$0<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n    \r\n         \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">CDIC Deposit Insurance<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">$100,000<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n    \r\n  <\/tbody>\r\n<\/table>\r\n\r\n<\/div>\r\n<\/div>       \r\n<\/div>\r\n<\/div>\r\n\r\n  <\/div>\r\n  <\/div> \r\n<\/div>\r\n<\/article>\r\n\r\n\r\n\r\n\r\n\r\n<style>\r\n  .no-cta-button {\r\n    font-weight: bold;\r\n    font-size: 18px;\r\n    color: #00ba9c;\r\n    text-decoration: underline;\r\n    text-align: center;\r\n    margin-top: 0 !important;\r\n    width: 100%;\r\n  }\r\n\r\n  .no-cta-button:hover {\r\n    color: #4dceb9;\r\n  }\r\n<\/style>\r\n\r\n<style>\r\n  .scoreCombined.finder-score::before {\r\n    display: none;\r\n  }\r\n\r\n  .score__container {\r\n    display: flex;\r\n    width: 100%;\r\n    flex-direction: column;\r\n    flex-flow: nowrap;\r\n    font-size: 18px;\r\n  }\r\n\r\n  .score__badge {\r\n    border-radius: 100px 16px 100px 100px;\r\n    border: none;\r\n    display: flex;\r\n    justify-content: center;\r\n    align-items: center;\r\n    height: 2.2rem;\r\n    width: 2.2rem;\r\n    background-image: linear-gradient(45deg,\r\n        transparent 25%,\r\n        rgba(255, 255, 255, 0.2) 50%,\r\n        transparent 75%,\r\n        transparent 100%);\r\n    background-size: 250% 250%, 100% 100%;\r\n    background-position: -100% 0, 0 0;\r\n    background-repeat: no-repeat;\r\n  }\r\n\r\n  .score__badge--excellent {\r\n    background-color: rgb(25, 105, 232);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n      rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n      rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n      rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n      rgb(25, 105, 232) 0px -2.25px 0px 0px inset;\r\n  }\r\n\r\n  .score__badge--great {\r\n    background-color: rgb(0, 120, 40);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n      rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n      rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n      rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n      rgb(0, 120, 40) 0px -2.25px 0px 0px inset;\r\n  }\r\n\r\n  .score__badge--standard {\r\n    background-color: rgb(231, 185, 11);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n      rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n      rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n      rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n      rgb(231, 185, 11) 0px -2.25px 0px 0px inset;\r\n  }\r\n\r\n  .score__badge--basic {\r\n    background-color: rgb(240, 88, 0);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n      rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n      rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n      rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n      rgb(240, 88, 0) 0px -2.25px 0px 0px inset;\r\n  }\r\n\r\n  .score__badge:hover {\r\n    animation: shine-effect 1.5s ease;\r\n  }\r\n\r\n  @keyframes shine-effect {\r\n    0% {\r\n      background-position: -100% 0, 0 0;\r\n    }\r\n\r\n    100% {\r\n      background-position: 200% 0, 0 0;\r\n    }\r\n  }\r\n\r\n  .score__value {\r\n    color: white;\r\n    font-weight: 700;\r\n  }\r\n\r\n  .score__text-wrapper-cards {\r\n    border: none;\r\n    align-items: center;\r\n    display: flex;\r\n    background-color: rgb(240 247 255);\r\n    padding: 0.25rem 0 0.25rem 0.875rem;\r\n    border-radius: 0 999px 999px 0;\r\n    margin-left: -0.375rem;\r\n    top: -4px;\r\n    width: 100%;\r\n    width: auto;\r\n    padding-right: 15px !important;\r\n  }\r\n\r\n  .score__text {\r\n    font-weight: 500;\r\n    font-size: 16px;\r\n    white-space: nowrap;\r\n  }\r\n\r\n  .scoreCombined {\r\n    text-decoration: none;\r\n  }\r\n\r\n  a.scoreCombined,\r\n  a.scoreCombined:hover {\r\n    text-decoration: none;\r\n  }\r\n\r\n  .score__text--excellent {\r\n    background-color: rgb(240 247 255);\r\n    color: rgb(18 85 208);\r\n  }\r\n\r\n  .score__text--great {\r\n    background-color: rgb(240 251 246);\r\n    color: rgb(0 120 40);\r\n  }\r\n\r\n  .score__text--standard {\r\n    background-color: rgb(255 251 227);\r\n    color: rgb(161 98 7);\r\n    padding-right: 0px;\r\n  }\r\n\r\n  .score__text--basic {\r\n    background-color: rgb(255, 234, 227);\r\n    color: rgb(240, 88, 0);\r\n    padding-right: 0px;\r\n  }\r\n\r\n  table div[class*=\"methodology-partial\"] {\r\n    display: none;\r\n  }\r\n<\/style>\r\n<style>\r\n  .deals--container {\r\n    display: flex;\r\n    flex-direction: column;\r\n    text-align: left;\r\n    padding: 0px 0px 8px 0px;\r\n  }\r\n  \r\n  .deals--rewards-container{\r\n    margin-bottom: 16px;\r\n  }\r\n\r\n  .deals--rewards {\r\n    background-color: #0a41ee;\r\n    border-radius: 12px;\r\n    padding: 12px;\r\n    color: white;\r\n    margin: 0 10px;\r\n    box-sizing: border-box;\r\n    p {\r\n          margin: 0;\r\n        }\r\n  }\r\n\r\n  .deals--rewards-tag {\r\n    display: inline-block;\r\n    background-color: white;\r\n    color: #1d53ff;\r\n    border-radius: 999px;\r\n    font-weight: 900;\r\n    font-size: 12px;\r\n    text-transform: uppercase;\r\n    margin-bottom: 8px;\r\n    box-sizing: border-box;\r\n    vertical-align: middle;\r\n    line-height: 1;\r\n    padding: 3px 8px 1px 8px;\r\n  }\r\n\r\n  .deals--rewards a:hover { color: unset; }\r\n  \r\n  .deals--rewards span {\r\n    font-size: 14px !important;\r\n    font-weight: 400;\r\n    line-height: 1.5;\r\n    color: white;\r\n    display: block;\r\n  }\r\n\r\n  .deals--rewards span b {\r\n    font-size: 14px !important;\r\n    font-weight: 800;\r\n    display: block;\r\n    line-height: 1.2;\r\n    margin-bottom: 4px;\r\n  }\r\n\r\n  .deals--rewards-terms {\r\n    font-size: 14px;\r\n    color: #232320;\r\n    margin-left: 10px;\r\n    margin-right: 10px;\r\n    margin-top: -2px;\r\n    font-weight: 400;\r\n    text-decoration: underline;\r\n    font-variant-numeric: lining-nums tabular-nums;\r\n  }\r\n<\/style><article class=\"luna-card luna-card--border\">\r\n<div class=\"luna-card__block\">\r\n    \r\n  \t\r\n  \t\r\n    \r\n\r\n<div class=\"u-grid u-grid--alignTop\">\r\n     <div class=\"u-grid__col u-1\/4@m \" style=\"padding-bottom: 0px;\" data-product-id=\"7cc2843c-06b4-49f7-a924-54deb8fad3e8\" data-product-name=\"KOHO Extra Plan\" data-niche=\"Savings Accounts\" data-provider-name=\"KOHO\" data-rewards-campaign-name=\"\">\r\n<center><img decoding=\"async\" data-src=\"https:\/\/www.finder.com\/niche-builder\/671030f90746a.png\" class=\"lazy-load\" alt=\"KOHO Extra Plan\" src=\"https:\/\/www.finder.com\/niche-builder\/671030f90746a.png\" style=\"width: 100%; max-width: 200px;\" srcset=\"https:\/\/www.finder.com\/niche-builder\/671030f90746a.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/671030f90746a.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/671030f90746a.png?fit=600 600w\" sizes=\"(max-width: 600px) 100vw, 600px\" loading=\"lazy\"><\/center>\r\n            \r\n<center>\r\n<div class=\"detail-info 7cc2843c-06b4-49f7-a924-54deb8fad3e8\" style=\"cursor: pointer; z-index: 1;position: relative; margin-bottom: 1rem; display: inline-flex;\">\r\n  \r\n\r\n    \r\n      \r\n    \r\n    <a class=\"scoreCombined score__container finder-score\">\r\n      <span class=\"score__badge score__badge--great\">\r\n        <span class=\"score__value\">8.3<\/span>\r\n      <\/span>\r\n      <span class=\"score__text-wrapper score__text score__text--great\">\r\n        Great\r\n      <\/span>\r\n    <\/a>\r\n  \r\n<\/div>    \r\n  <\/center>\r\n  \r\n  <a class=\"luna-button luna-button--action luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/ca\/prepaid-cards\/koho\/koho-save-review\" role=\"button\">Read review<\/a>\r\n<\/div>\r\n<div class=\"u-grid__col u-3\/4@m\" style=\"padding-bottom: 0px;\">\r\n  <div class=\"\u201chas-padding-xsmall\u201d\"><\/div>\r\n<h4 id=\"7cc2843c-06b4-49f7-a924-54deb8fad3e8\" class=\"luna-card__title\" style=\"padding-bottom: 10px; font-size: 20px;\"><b>KOHO Extra Plan<\/b><\/h4>\r\n\r\n\r\n<div class=\"u-grid u-grid--alignMiddle\">\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 25px; font-weight: 900; color: #1D53FF;\"><b>2.50%<\/b><span class=\"table-popover\" rel=\"popover\" data-content=\"Opt-in to earn up to 2.5% interest. Interest calculated: daily. Interest paid: monthly.\" title=\"\" data-original-title=\"More info\">\r\n\r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Interest Rate<\/span>\r\n  <\/span><\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 25px; font-weight: 900; color: #1D53FF;\">\r\n$18\r\n\r\n\r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Account Fee<\/span>\r\n  <\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 25px; font-weight: 900; color: #1D53FF;\">$0\r\n\r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Transaction Fee<\/span>\r\n  <\/div>\r\n<\/div>  \r\n\r\n\r\n      <div class=\"has-overflow-auto luna-tabs\" style=\"margin: 0rem;\">\r\n    <ul class=\"luna-tabs__list\">\r\n       \r\n\r\n        <li class=\"active luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname0-7cc2843c-06b4-49f7-a924-54deb8fad3e8-1\" data-toggle=\"tab\">Info<\/a><\/li>\r\n \r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname1-7cc2843c-06b4-49f7-a924-54deb8fad3e8-1\" data-toggle=\"tab\">Pros + Cons<\/a><\/li>\r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname2-7cc2843c-06b4-49f7-a924-54deb8fad3e8-1\" data-toggle=\"tab\">More Details<\/a><\/li>\r\n    <\/ul>\r\n     \r\n      <div class=\"tab-content\">\r\n      \r\n \r\n      \r\n        <div class=\"tab-pane active\" id=\"pb-tabname0-7cc2843c-06b4-49f7-a924-54deb8fad3e8-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n              <div class=\"has-padding-xsmall\"><\/div>\r\n                              <div class=\"has-padding-xsmall\"><\/div>\r\n                \r\n                            Extra offers all the same features as Essential but with a few extra perks. The savings interest rate rises to 2.5% with this plan, and you can earn 1.5% cash back on all grocery, transportation, eating and drinking purchases and 0.25% cash back on all other spending. While it comes with a 0% foreign transaction fee, it does charge $12\/month billed yearly or $18 billed monthly.\r\n            <\/div>\r\n        <\/div>\r\n\r\n      \r\n               <div class=\"tab-pane\" id=\"pb-tabname1-7cc2843c-06b4-49f7-a924-54deb8fad3e8-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n<div class=\"has-padding-xsmall\"><\/div>\r\n             <div class=\"u-grid u-grid--gutterCollapse\" style=\"margin: 0px;\">\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n                \r\n                <ul class=\"list-1\">\r\n                \r\n                  <li>Earn <b>2.50%<\/b><span class=\"table-popover\" rel=\"popover\" data-content=\"Opt-in to earn up to 2.5% interest. Interest calculated: daily. Interest paid: monthly.\" title=\"\" data-original-title=\"More info\"> interest<\/span><\/li>\r\n                \r\n                  <li>Earn cash back on all purchases<\/li>\r\n                \r\n                  <li>No foreign transaction fees<\/li>\r\n                \r\n                  <li>One free international ATM withdrawal per month<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n              \r\n                <ul class=\"list-12\">\r\n                \r\n                  <li>$9 monthly fee<\/li>\r\n                \r\n                  <li>Watch out for ATM fees<\/li>\r\n                \r\n                  <li>Can't deposit cheques<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <\/div>\r\n                 <\/div>\r\n        <\/div>\r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname2-7cc2843c-06b4-49f7-a924-54deb8fad3e8-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n\r\n<table class=\"luna-table\" style=\"border: 0px;\">\r\n  <tbody class=\"luna-table__body\">\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Ongoing Interest Rate<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">2.5%<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Promotional Interest Rate<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">No promotional rate available<\/span>\r\n<\/td>\r\n  <\/tr>\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Monthly Account Fee<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">$18\r\n<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n   \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Minimum Balance<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">$0<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n    \r\n         \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">CDIC Deposit Insurance<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">up to $100,000<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n    \r\n  <\/tbody>\r\n<\/table>\r\n\r\n<\/div>\r\n<\/div>       \r\n<\/div>\r\n<\/div>\r\n\r\n  <\/div>\r\n  <\/div> \r\n<\/div>\r\n<\/article>\r\n\r\n\r\n\r\n\r\n\r\n<style>\r\n  .no-cta-button {\r\n    font-weight: bold;\r\n    font-size: 18px;\r\n    color: #00ba9c;\r\n    text-decoration: underline;\r\n    text-align: center;\r\n    margin-top: 0 !important;\r\n    width: 100%;\r\n  }\r\n\r\n  .no-cta-button:hover {\r\n    color: #4dceb9;\r\n  }\r\n<\/style>\r\n\r\n<style>\r\n  .scoreCombined.finder-score::before {\r\n    display: none;\r\n  }\r\n\r\n  .score__container {\r\n    display: flex;\r\n    width: 100%;\r\n    flex-direction: column;\r\n    flex-flow: nowrap;\r\n    font-size: 18px;\r\n  }\r\n\r\n  .score__badge {\r\n    border-radius: 100px 16px 100px 100px;\r\n    border: none;\r\n    display: flex;\r\n    justify-content: center;\r\n    align-items: center;\r\n    height: 2.2rem;\r\n    width: 2.2rem;\r\n    background-image: linear-gradient(45deg,\r\n        transparent 25%,\r\n        rgba(255, 255, 255, 0.2) 50%,\r\n        transparent 75%,\r\n        transparent 100%);\r\n    background-size: 250% 250%, 100% 100%;\r\n    background-position: -100% 0, 0 0;\r\n    background-repeat: no-repeat;\r\n  }\r\n\r\n  .score__badge--excellent {\r\n    background-color: rgb(25, 105, 232);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n      rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n      rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n      rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n      rgb(25, 105, 232) 0px -2.25px 0px 0px inset;\r\n  }\r\n\r\n  .score__badge--great {\r\n    background-color: rgb(0, 120, 40);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n      rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n      rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n      rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n      rgb(0, 120, 40) 0px -2.25px 0px 0px inset;\r\n  }\r\n\r\n  .score__badge--standard {\r\n    background-color: rgb(231, 185, 11);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n      rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n      rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n      rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n      rgb(231, 185, 11) 0px -2.25px 0px 0px inset;\r\n  }\r\n\r\n  .score__badge--basic {\r\n    background-color: rgb(240, 88, 0);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n      rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n      rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n      rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n      rgb(240, 88, 0) 0px -2.25px 0px 0px inset;\r\n  }\r\n\r\n  .score__badge:hover {\r\n    animation: shine-effect 1.5s ease;\r\n  }\r\n\r\n  @keyframes shine-effect {\r\n    0% {\r\n      background-position: -100% 0, 0 0;\r\n    }\r\n\r\n    100% {\r\n      background-position: 200% 0, 0 0;\r\n    }\r\n  }\r\n\r\n  .score__value {\r\n    color: white;\r\n    font-weight: 700;\r\n  }\r\n\r\n  .score__text-wrapper-cards {\r\n    border: none;\r\n    align-items: center;\r\n    display: flex;\r\n    background-color: rgb(240 247 255);\r\n    padding: 0.25rem 0 0.25rem 0.875rem;\r\n    border-radius: 0 999px 999px 0;\r\n    margin-left: -0.375rem;\r\n    top: -4px;\r\n    width: 100%;\r\n    width: auto;\r\n    padding-right: 15px !important;\r\n  }\r\n\r\n  .score__text {\r\n    font-weight: 500;\r\n    font-size: 16px;\r\n    white-space: nowrap;\r\n  }\r\n\r\n  .scoreCombined {\r\n    text-decoration: none;\r\n  }\r\n\r\n  a.scoreCombined,\r\n  a.scoreCombined:hover {\r\n    text-decoration: none;\r\n  }\r\n\r\n  .score__text--excellent {\r\n    background-color: rgb(240 247 255);\r\n    color: rgb(18 85 208);\r\n  }\r\n\r\n  .score__text--great {\r\n    background-color: rgb(240 251 246);\r\n    color: rgb(0 120 40);\r\n  }\r\n\r\n  .score__text--standard {\r\n    background-color: rgb(255 251 227);\r\n    color: rgb(161 98 7);\r\n    padding-right: 0px;\r\n  }\r\n\r\n  .score__text--basic {\r\n    background-color: rgb(255, 234, 227);\r\n    color: rgb(240, 88, 0);\r\n    padding-right: 0px;\r\n  }\r\n\r\n  table div[class*=\"methodology-partial\"] {\r\n    display: none;\r\n  }\r\n<\/style>\r\n<style>\r\n  .deals--container {\r\n    display: flex;\r\n    flex-direction: column;\r\n    text-align: left;\r\n    padding: 0px 0px 8px 0px;\r\n  }\r\n  \r\n  .deals--rewards-container{\r\n    margin-bottom: 16px;\r\n  }\r\n\r\n  .deals--rewards {\r\n    background-color: #0a41ee;\r\n    border-radius: 12px;\r\n    padding: 12px;\r\n    color: white;\r\n    margin: 0 10px;\r\n    box-sizing: border-box;\r\n    p {\r\n          margin: 0;\r\n        }\r\n  }\r\n\r\n  .deals--rewards-tag {\r\n    display: inline-block;\r\n    background-color: white;\r\n    color: #1d53ff;\r\n    border-radius: 999px;\r\n    font-weight: 900;\r\n    font-size: 12px;\r\n    text-transform: uppercase;\r\n    margin-bottom: 8px;\r\n    box-sizing: border-box;\r\n    vertical-align: middle;\r\n    line-height: 1;\r\n    padding: 3px 8px 1px 8px;\r\n  }\r\n\r\n  .deals--rewards a:hover { color: unset; }\r\n  \r\n  .deals--rewards span {\r\n    font-size: 14px !important;\r\n    font-weight: 400;\r\n    line-height: 1.5;\r\n    color: white;\r\n    display: block;\r\n  }\r\n\r\n  .deals--rewards span b {\r\n    font-size: 14px !important;\r\n    font-weight: 800;\r\n    display: block;\r\n    line-height: 1.2;\r\n    margin-bottom: 4px;\r\n  }\r\n\r\n  .deals--rewards-terms {\r\n    font-size: 14px;\r\n    color: #232320;\r\n    margin-left: 10px;\r\n    margin-right: 10px;\r\n    margin-top: -2px;\r\n    font-weight: 400;\r\n    text-decoration: underline;\r\n    font-variant-numeric: lining-nums tabular-nums;\r\n  }\r\n<\/style><article class=\"luna-card luna-card--border\">\r\n<div class=\"luna-card__block\">\r\n    \r\n  \t\r\n  \t\r\n    \r\n\r\n<div class=\"u-grid u-grid--alignTop\">\r\n     <div class=\"u-grid__col u-1\/4@m  rewards--element-container rewards--container \" style=\"padding-bottom: 0px;\" data-product-id=\"bda4c8f7-5608-4c54-8eb0-27ec10413c06\" data-product-name=\"KOHO Everything Plan\" data-niche=\"Savings Accounts\" data-provider-name=\"KOHO\" data-rewards-campaign-name=\"koho|everything|may-2026~cafsa\">\r\n<center><img decoding=\"async\" data-src=\"https:\/\/www.finder.com\/niche-builder\/671030f90746a.png\" class=\"lazy-load\" alt=\"KOHO Everything Plan\" src=\"https:\/\/www.finder.com\/niche-builder\/671030f90746a.png\" style=\"width: 100%; max-width: 200px;\" srcset=\"https:\/\/www.finder.com\/niche-builder\/671030f90746a.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/671030f90746a.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/671030f90746a.png?fit=600 600w\" sizes=\"(max-width: 600px) 100vw, 600px\" loading=\"lazy\"><\/center>\r\n            \r\n<center>\r\n<div class=\"detail-info bda4c8f7-5608-4c54-8eb0-27ec10413c06\" style=\"cursor: pointer; z-index: 1;position: relative; margin-bottom: 1rem; display: inline-flex;\">\r\n  \r\n\r\n    \r\n      \r\n    \r\n    <a class=\"scoreCombined score__container finder-score\">\r\n      <span class=\"score__badge score__badge--great\">\r\n        <span class=\"score__value\">8.3<\/span>\r\n      <\/span>\r\n      <span class=\"score__text-wrapper score__text score__text--great\">\r\n        Great\r\n      <\/span>\r\n    <\/a>\r\n  \r\n<\/div>    \r\n  <\/center>\r\n  <a class=\"luna-button luna-button--success luna-button--fluid has-margin-top-xsmall rewards--cta\" href=\"https:\/\/www.finder.com\/redirect\/ca\/savings-accounts\/koho-everything-plan-ca-savings-account-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%22bda4c8f7-5608-4c54-8eb0-27ec10413c06%22%2C%22product_name%22%3A%22KOHO%2BEverything%2BPlan%22%2C%22offer_id%22%3A%2227061%22%2C%22decorator%22%3A%22CAFSA.PRODUCT.MISC_PRODUCT_DISPLAY_V2%22%2C%22niche_code%22%3A%22CAFSA%22%2C%22post_id%22%3A%22887058%22%2C%22post_path%22%3A%22banking%252Fkoho%22%2C%22post_country%22%3A%22ca%22%7D\" target=\"_blank\" type=\"button\">Go to site<\/a>\r\n  <a class=\"luna-button luna-button--action luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/ca\/prepaid-cards\/koho\/koho-save-review\" role=\"button\">Read review<\/a>\r\n<\/div>\r\n<div class=\"u-grid__col u-3\/4@m\" style=\"padding-bottom: 0px;\">\r\n  <div class=\"\u201chas-padding-xsmall\u201d\"><\/div>\r\n<h4 id=\"bda4c8f7-5608-4c54-8eb0-27ec10413c06\" class=\"luna-card__title\" style=\"padding-bottom: 10px; font-size: 20px;\"><b>KOHO Everything Plan<\/b><\/h4>\r\n\r\n\r\n<div class=\"u-grid u-grid--alignMiddle\">\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 25px; font-weight: 900; color: #1D53FF;\"><b>3.50%<\/b><span class=\"table-popover\" rel=\"popover\" data-content=\"Opt-in to earn up to 3.50% interest. Interest calculated: daily. Interest paid: monthly.\" title=\"\" data-original-title=\"More info\">\r\n\r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Interest Rate<\/span>\r\n  <\/span><\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 25px; font-weight: 900; color: #1D53FF;\">\r\n$22\r\n\r\n\r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Account Fee<\/span>\r\n  <\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 25px; font-weight: 900; color: #1D53FF;\">$0\r\n\r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Transaction Fee<\/span>\r\n  <\/div>\r\n<\/div>  \r\n\r\n\r\n      <div class=\"has-overflow-auto luna-tabs\" style=\"margin: 0rem;\">\r\n    <ul class=\"luna-tabs__list\">\r\n       \r\n\r\n        <li class=\"active luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname0-bda4c8f7-5608-4c54-8eb0-27ec10413c06-1\" data-toggle=\"tab\">Info<\/a><\/li>\r\n \r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname1-bda4c8f7-5608-4c54-8eb0-27ec10413c06-1\" data-toggle=\"tab\">Pros + Cons<\/a><\/li>\r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname2-bda4c8f7-5608-4c54-8eb0-27ec10413c06-1\" data-toggle=\"tab\">More Details<\/a><\/li>\r\n    <\/ul>\r\n     \r\n      <div class=\"tab-content\">\r\n      \r\n \r\n      \r\n        <div class=\"tab-pane active\" id=\"pb-tabname0-bda4c8f7-5608-4c54-8eb0-27ec10413c06-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n              <div class=\"has-padding-xsmall\"><\/div>\r\n                              <div class=\"has-padding-xsmall\"><\/div>\r\n                \r\n                <div class=\"u-grid__col u-1\/1 deals--container\">\r\n                  <div class=\"deals--rewards-container\">\r\n                    <div class=\"deals--container\">\r\n                      <div class=\"deals--rewards\">\r\n                        <h1 class=\"deals--rewards-tag\">Finder Reward<\/h1>\r\n                        <span><b>Finder Members get a $75 digital Visa gift card.<\/b> Become a Finder Member &amp; open and fund the KOHO Everything Plan.<\/span>\r\n                      <\/div>\r\n                    <\/div>\r\n                    \r\n                      <a href=\"\/ca\/finder-rewards\/finder-koho-promotion-terms-and-conditions-may-2026\" class=\"deals--rewards-terms\" target=\"_blank\" rel=\"noopener noreferrer\">T&amp;Cs apply.<\/a>\r\n                    \r\n                  <\/div>\r\n                <\/div>\r\n                \r\n                            The top-of-the-line Everything plan comes with a fee of $14.75<span class=\"table-popover\" rel=\"popover\" data-content=\"This account is $14.75 per month if billed yearly or $22.00 per month if billed monthly.\" title=\"\" data-original-title=\"More info\">, but it also offers the biggest rewards and the widest range of perks. It pays 3.5% interest on your account balance, which makes it a very competitive offering compared to other high interest savings accounts in Canada. To top it off, you get 2% cash back on groceries, transportation, eating and drinking purchases plus 0.5% cash back on all other spending.\r\n            <\/span><\/div>\r\n        <\/div>\r\n\r\n      \r\n               <div class=\"tab-pane\" id=\"pb-tabname1-bda4c8f7-5608-4c54-8eb0-27ec10413c06-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n<div class=\"has-padding-xsmall\"><\/div>\r\n             <div class=\"u-grid u-grid--gutterCollapse\" style=\"margin: 0px;\">\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n                \r\n                <ul class=\"list-1\">\r\n                \r\n                  <li>High interest rate of <b>3.50%<\/b><span class=\"table-popover\" rel=\"popover\" data-content=\"Opt-in to earn up to 3.50% interest. Interest calculated: daily. Interest paid: monthly.\" title=\"\" data-original-title=\"More info\"><\/span><\/li>\r\n                \r\n                  <li>Maximum cash back earning power<\/li>\r\n                \r\n                  <li>User-friendly app<\/li>\r\n                \r\n                  <li>Get up to up to 2% cash back<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n              \r\n                <ul class=\"list-12\">\r\n                \r\n                  <li>The monthly fee is as high as $14.75<span class=\"table-popover\" rel=\"popover\" data-content=\"This account is $14.75 per month if billed yearly or $22.00 per month if billed monthly.\" title=\"\" data-original-title=\"More info\"><\/span><\/li>\r\n                \r\n                  <li>ATM fees<\/li>\r\n                \r\n                  <li>No physical branches<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <\/div>\r\n                 <\/div>\r\n        <\/div>\r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname2-bda4c8f7-5608-4c54-8eb0-27ec10413c06-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n\r\n<table class=\"luna-table\" style=\"border: 0px;\">\r\n  <tbody class=\"luna-table__body\">\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Ongoing Interest Rate<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">3.5%<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Promotional Interest Rate<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">No promotional rate available<\/span>\r\n<\/td>\r\n  <\/tr>\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Monthly Account Fee<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">$22\r\n<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n   \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Minimum Balance<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">$0<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n    \r\n         \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">CDIC Deposit Insurance<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">up to $100,000<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n    \r\n  <\/tbody>\r\n<\/table>\r\n\r\n<\/div>\r\n<\/div>       \r\n<\/div>\r\n<\/div>\r\n\r\n  <\/div>\r\n  <\/div> \r\n<\/div>\r\n<\/article>\r\n\r\n\r\n\r\n<script src=\"https:\/\/www.finder.com\/parent-theme\/members\/prod\/rewards.482ec4183795d5e069d4.js\" type=\"text\/javascript\" defer><\/script>\n        <script src=\"https:\/\/www.finder.com\/parent-theme\/members\/prod\/loyalty-rewards.a32ff1e0871b1229ec30.js\" type=\"text\/javascript\" defer><\/script>\n<link rel=\"stylesheet\" href=\"https:\/\/www.finder.com\/parent-theme\/members\/prod\/rewards.4ac86867ae4423a808cc.css\" type=\"text\/css\"><script type=\"text\/javascript\">window.rewardsConfigs = window.rewardsConfigs || {};window.rewardsConfigs[\"koho|everything|may-2026~cafsa\"] = {\"startDate\":\"2026-05-01T08:00:00.000Z\",\"endDate\":\"2026-07-01T03:59:59.000Z\",\"showVisaLogo\":true,\"minimalUx\":true,\"countryCode\":\"CA\",\"isAlwaysOn\":false,\"validationDaysAfterEntry\":null,\"fulfillmentDaysAfterEntry\":null,\"bannerConfig\":{\"badgeText\":\"FINDER REWARDS EXCLUSIVE\",\"title\":\"Get $75 from Finder\",\"titleHighlight\":\"$75\",\"copyText\":\"Become a Finder Member \\u0026 open and fund the \\u003Cb\\u003EKOHO Everything Plan\\u003C\\\/b\\u003E through Finder to receive a \\u003Cb\\u003E$75 digital Visa card\\u003C\\\/b\\u003E. 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-0.375rem;\r\n    top: -4px;\r\n    width: 100%;\r\n    width: auto;\r\n    padding-right: 15px !important;\r\n  }\r\n\r\n  .score__text {\r\n    font-weight: 500;\r\n    font-size: 16px;\r\n    white-space: nowrap;\r\n  }\r\n\r\n  .scoreCombined {\r\n    text-decoration: none;\r\n  }\r\n\r\n  a.scoreCombined,\r\n  a.scoreCombined:hover {\r\n    text-decoration: none;\r\n  }\r\n\r\n  .score__text--excellent {\r\n    background-color: rgb(240 247 255);\r\n    color: rgb(18 85 208);\r\n  }\r\n\r\n  .score__text--great {\r\n    background-color: rgb(240 251 246);\r\n    color: rgb(0 120 40);\r\n  }\r\n\r\n  .score__text--standard {\r\n    background-color: rgb(255 251 227);\r\n    color: rgb(161 98 7);\r\n    padding-right: 0px;\r\n  }\r\n\r\n  .score__text--basic {\r\n    background-color: rgb(255, 234, 227);\r\n    color: rgb(240, 88, 0);\r\n    padding-right: 0px;\r\n  }\r\n\r\n  table div[class*=\"methodology-partial\"] {\r\n    display: none;\r\n  }\r\n<\/style>\r\n<style>\r\n  .deals--container {\r\n    display: flex;\r\n    flex-direction: column;\r\n    text-align: left;\r\n    padding: 0px 0px 8px 0px;\r\n  }\r\n  \r\n  .deals--rewards-container{\r\n    margin-bottom: 16px;\r\n  }\r\n\r\n  .deals--rewards {\r\n    background-color: #0a41ee;\r\n    border-radius: 12px;\r\n    padding: 12px;\r\n    color: white;\r\n    margin: 0 10px;\r\n    box-sizing: border-box;\r\n    p {\r\n          margin: 0;\r\n        }\r\n  }\r\n\r\n  .deals--rewards-tag {\r\n    display: inline-block;\r\n    background-color: white;\r\n    color: #1d53ff;\r\n    border-radius: 999px;\r\n    font-weight: 900;\r\n    font-size: 12px;\r\n    text-transform: uppercase;\r\n    margin-bottom: 8px;\r\n    box-sizing: border-box;\r\n    vertical-align: middle;\r\n    line-height: 1;\r\n    padding: 3px 8px 1px 8px;\r\n  }\r\n\r\n  .deals--rewards a:hover { color: unset; }\r\n  \r\n  .deals--rewards span {\r\n    font-size: 14px !important;\r\n    font-weight: 400;\r\n    line-height: 1.5;\r\n    color: white;\r\n    display: block;\r\n  }\r\n\r\n  .deals--rewards span b {\r\n    font-size: 14px !important;\r\n    font-weight: 800;\r\n    display: block;\r\n    line-height: 1.2;\r\n    margin-bottom: 4px;\r\n  }\r\n\r\n  .deals--rewards-terms {\r\n    font-size: 14px;\r\n    color: #232320;\r\n    margin-left: 10px;\r\n    margin-right: 10px;\r\n    margin-top: -2px;\r\n    font-weight: 400;\r\n    text-decoration: underline;\r\n    font-variant-numeric: lining-nums tabular-nums;\r\n  }\r\n<\/style><h3>Is KOHO safe?<\/h3><p>Yes, KOHO is safe to use. Even though KOHO itself is not CDIC insured, it is partnered with Peoples Trust, a federally regulated bank that holds the funds you deposit onto your KOHO card.<\/p><p>KOHO account cash deposits that earn interest are covered by CDIC insurance. Note that you\u2019ll need to opt in to the Earn Interest feature to start making money from your balance.<\/p><p>You\u2019re also protected against unauthorized use of your KOHO card by Mastercard\u2019s Zero Liability policy, while KOHO also offers features like 24\/7 security monitoring and 2-factor authentication.<\/p><h3>Does KOHO offer credit cards?<\/h3><p>No, KOHO does not offer traditional credit cards, but it offers a prepaid card instead.<\/p><p>If you\u2019re shopping for a credit card that offers cash back rewards in Canada, you might want to consider a card from one of KOHO\u2019s digital banking competitors. Examples include:<\/p><ul><li>The <a href=\"https:\/\/www.finder.com\/ca\/credit-cards\/cash-back-credit-cards\/simplii-financial-cash-back-visa-card\">Simplii Financial Cash Back Visa Card<\/a><\/li><li>The <a href=\"https:\/\/www.finder.com\/ca\/credit-cards\/tangerine\/tangerine-money-back-credit-card\">Tangerine Money-Back Credit Card<\/a><\/li><li>The <a href=\"https:\/\/www.finder.com\/ca\/credit-cards\/tangerine\/tangerine-world-mastercard-review\">Tangerine World Mastercard<\/a><\/li><\/ul><h4>Is KOHO a credit card?<\/h4><p>No, KOHO is a reloadable prepaid Mastercard that you can use to pay in-store and online using your own money. Rather than spending with credit, you need to load funds onto the card before using it to pay for purchases.<\/p><p>However, like a credit card, the KOHO Mastercard rewards you with cash back on your spending.<article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Dive deeper: <\/span><a href=\"https:\/\/www.finder.com\/ca\/savings-accounts\/best-high-interest-savings-accounts\" style=\"text-decoration:underline; font-size:0.9em;\">Best high interest savings accounts in Canada<\/a>\n<\/div>\n<\/article><\/p><h3>How does KOHO credit building work?<\/h3><p>Credit Building by KOHO is designed to help people with limited credit history or bad credit improve their credit scores. Here\u2019s how it works.<\/p><p>You open a secured or unsecured line of credit using either your own money or by borrowing from KOHO. KOHO then sets aside a portion of your credit line each month and reports it to the Equifax credit bureau as an on-time repayment.<\/p><p>There are no credit checks required to apply, and you can check your credit score any time. KOHO claims that users report a 22-point increase in their scores in the first three months of using Credit Building.<\/p><h3>Does KOHO offer loans and lines of credit?<\/h3><p>Yes, it does\u2014but it doesn\u2019t offer the conventional range of personal loans and lines of credit you\u2019d expect from a traditional bank.<\/p><p>In terms of lines of credit, there are two products to choose from:<\/p><ul><li>Credit Building by KOHO, the line of credit outlined above.<\/li><li>A $1,000-$15,000 KOHO Line of Credit provided by online lender Fora. As of January 2025, this product is still listed on the KOHO website as \u201ccoming soon.\u201d<\/li><\/ul><p>But if you\u2019re searching for a small loan, you might want to check out KOHO Cover. This feature provides a cash advance of up to $250 to help you cover unexpected expenses.<\/p><p>There are no credit checks to apply, there\u2019s no interest on the money you borrow and you can access the money instantly through the KOHO app. However, there\u2019s a monthly Cover subscription fee on top of whatever KOHO monthly plan fee already applies to your account (if any). Find out more in our <a href=\"https:\/\/www.finder.com\/ca\/cash-advance-apps\/koho-cover-review\">detailed KOHO Cover review<\/a>.<\/p><p>KOHO isn\u2019t the only Canadian provider that offers small, interest-free cash advances. Nyble and Bree both offer interest-free cash advances of $250 and $750 respectively. Check out our <a href=\"https:\/\/www.finder.com\/ca\/cash-advance-apps\/nyble-vs-bree-vs-koho\">Nyble vs Bree vs KOHO<\/a> comparison to see how they stack up against each other.<\/p><h3>How does the KOHO app work?<\/h3><p>It\u2019s easy to manage your KOHO account through the KOHO mobile app. Available for iOS and Android devices, the app offers a smooth and seamless user experience that has seen it pick up more than its fair share of five-star reviews.<\/p><p>You can use the app to check your balance, send e-Transfers, pay bills, check your cash back rewards and sign up for features like Credit Building and KOHO Cover.<\/p><p>It also provides easy access to a range of other features to help you manage your money, including:<\/p><ul><li style=\"padding-bottom: 14px;\"><strong>RoundUps.<\/strong> This feature lets you choose to have every KOHO card purchase you make rounded up to the nearest $1, $2, $5 or $10. The amount rounded up is then set aside in your savings to be cashed out once you\u2019ve reached your goal.<\/li><li style=\"padding-bottom: 14px;\"><strong>Savings Goals.<\/strong> This feature allows you to set a specific savings goal and the date by which you wish to achieve it, then it automatically creates a savings plan.<\/li><li style=\"padding-bottom: 14px;\"><strong>Vaults.<\/strong> You can set aside money in a Vault to create an emergency fund. The money in your Vault is kept separate so you can\u2019t accidentally spend it.<\/li><\/ul><p>Unfortunately, the app doesn\u2019t support <a href=\"https:\/\/www.finder.com\/ca\/digital-banking\/mobile-cheque-deposit\">mobile cheque deposits<\/a>, so you\u2019ll need to consider other account providers if that particular feature is a must-have for you.<article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Dive deeper: <\/span><a href=\"https:\/\/www.finder.com\/ca\/cash-advance-apps\/apps-like-koho\" style=\"text-decoration:underline; font-size:0.9em;\">Apps like KOHO<\/a>\n<\/div>\n<\/article><\/p><h3>Summary of KOHO reviews and ratings<\/h3><p>The KOHO app has picked up tens of thousands of five-star ratings from users, so it\u2019s safe to say this user-friendly app has been well received. Unfortunately, customer reviews on Trustpilot don\u2019t quite paint the same rosy picture.<\/p><p>There are some positive reviews for KOHO, with some users pointing to the easy-to-use app, high savings interest rate, cash back perks and their improved credit scores as reasons to recommend KOHO.<\/p><p>But with an average rating of 1.4\/5 on Trustpilot, KOHO has also picked up plenty of negative reviews. Common complaints include customers getting locked out of their accounts and poor customer service.<\/p><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th scope=\"col\">Site<\/th><th scope=\"col\">KOHO reviews<\/th><\/tr><\/thead><tbody class=\"luna-table__body\"><tr><td>Apple App Store<\/td><td>\n\n\n\n\n\n\n\n\n    \n    \n<strong>4.8<\/strong> \u2013 \n<span class=\"luna-stars luna-stars__fill--95 luna-stars--primary\">\u2605\u2605\u2605\u2605\u2605<\/span><br>\n82K reviews\n<span class=\"table-popover\" rel=\"popover\" data-content=\"Ratings for the KOHO app on the Apple App Store were last verified on January 07, 2026.\" title=\"\" data-original-title=\"More info\"><\/span>\n\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"MobileApplication\",\n  \"name\": \"KOHO\",\n  \"applicationCategory\": \"FinanceApplication\",\n  \"operatingSystem\": \"iOS\",\n  \"offers\": {\n    \"@type\": \"Offer\",\n    \"price\": \"0.00\",\n    \"priceCurrency\": \"CAD\"\n  },\n  \"aggregateRating\": {\n    \"@type\": \"AggregateRating\",\n    \"ratingValue\": \"4.8\",\n    \"bestRating\": \"5\",\n    \"worstRating\": \"1\",\n    \"reviewCount\": 82000\n  }\n}\n<\/script>\n<\/td><\/tr><tr><td>Google Play<\/td><td>\n\n\n\n\n\n\n\n\n    \n    \n<strong>4.7<\/strong> \u2013 \n<span class=\"luna-stars luna-stars__fill--95 luna-stars--primary\">\u2605\u2605\u2605\u2605\u2605<\/span><br>\n71.7K reviews\n<span class=\"table-popover\" rel=\"popover\" data-content=\"Ratings for the KOHO app on the Google Play Store were last verified on January 07, 2026.\" title=\"\" data-original-title=\"More info\"><\/span>\n\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"MobileApplication\",\n  \"name\": \"KOHO\",\n  \"applicationCategory\": \"FinanceApplication\",\n  \"operatingSystem\": \"Android\",\n  \"offers\": {\n    \"@type\": \"Offer\",\n    \"price\": \"0.00\",\n    \"priceCurrency\": \"CAD\"\n  },\n  \"aggregateRating\": {\n    \"@type\": \"AggregateRating\",\n    \"ratingValue\": \"4.7\",\n    \"bestRating\": \"5\",\n    \"worstRating\": \"1\",\n    \"reviewCount\": 71700\n  }\n}\n<\/script>\n<\/td><\/tr><tr><td>Trustpilot<\/td><td>1.4\/5 based on 449 KOHO reviews\n<span class=\"table-popover\" rel=\"popover\" data-content=\"This Trustpilot rating was last verified on July 26, 2025.\" title=\"\" data-original-title=\"More info\">\n<\/span><\/td><\/tr><\/tbody><\/table><h3>Does KOHO offer a debit card?<\/h3><p>No, KOHO doesn\u2019t offer a debit card. But the KOHO prepaid Mastercard works similarly to a debit card\u2014you spend your own money rather than buying with credit, but you\u2019ll need to load money onto the card first. You can use the card to withdraw cash from an ATM and pay in-store and online wherever Mastercard is accepted.<\/p><h3>Does KOHO have a referral code?<\/h3><p>Yes, you can earn rewards when you refer friends to sign up with KOHO. You can choose from two options:<\/p><ul><li>$20 cash to spend however you want<\/li><li>Three free months of KOHO Extra, valued at $27<\/li><\/ul><p>Both you and your friend get rewarded, and you can refer up to 50 friends. Find your referral code by logging in to the KOHO app and tapping the gift icon. Your friend will need to register and verify their account, then make their first purchase of at least $20 within 30 days before you can both qualify for a referral reward.<\/p><h3>Is KOHO legit?<\/h3><p>Yes, KOHO is a legit financial technology company. This Canadian company and its app have received tens of thousands of customer reviews, while KOHO provides essential legal documents and a privacy policy on its website. It\u2019s also registered with FINTRAC and regulated as a Money Services Business.<\/p><p>KOHO account holders can take advantage of CDIC protection as well as security measures like data encryption, account authentication and ongoing account monitoring.<\/p><h3>How does KOHO compare to alternative banking options in Canada?<\/h3><p>The Canadian digital banking space has become increasingly crowded in recent years, so how does KOHO stack up against competitors like EQ Bank, Simplii Financial and Tangerine?<\/p><p>In short, there are some areas where KOHO comes out on top and others where it falls short. What makes KOHO an attractive proposition is its high savings interest rate, its cash back perks and its suite of helpful products like Credit Building and KOHO Cover.<\/p><p>What holds it back are factors like monthly fees\u2014which you must pay if you want the maximum interest and cash back rates\u2014and the fact that it doesn\u2019t have an ATM network.<\/p><h4>KOHO vs EQ Bank<\/h4><p>The <a href=\"https:\/\/www.finder.com\/ca\/banking\/eq-bank-review\/eq-bank-personal-account-review\">EQ Bank Personal Account<\/a> has a lower (but still competitive) interest rate than KOHO but doesn\u2019t charge any monthly fees. You also get free withdrawals from any ATM in Canada and 0.5% cash back on all EQ Bank Card purchases.<\/p><p>As for which account comes out on top, it all depends on the types of transactions you perform and the KOHO plan you choose. Check out our <a href=\"https:\/\/www.finder.com\/ca\/banking\/eq-bank-vs-koho\">EQ Bank vs KOHO<\/a> comparison to find out more.<\/p><h4>KOHO vs Simplii Financial and Tangerine<\/h4><p>If you\u2019re searching for traditional banking products like credit cards, registered accounts, lines of credit and mortgages, you\u2019ll need to consider alternatives like Simplii and Tangerine.<\/p><p>These providers don\u2019t have the same high interest rates as KOHO, but they both offer a suite of more conventional banking services along with the convenience of accessing large ATM networks. Find out more in our <a href=\"https:\/\/www.finder.com\/ca\/banking\/simplii-financial-vs-koho\">Simplii Financial vs KOHO<\/a> guide.<\/p><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Dive deeper: <\/span><a href=\"https:\/\/www.finder.com\/ca\/banking\/alternatives-to-koho\" style=\"text-decoration:underline; font-size:0.9em;\"> Alternatives to KOHO<\/a>\n<\/div>\n<\/article><h3>Pros and cons of using KOHO<\/h3><div><\/div><h4>Pros<\/h4><ul class=\"list-1\"><li><strong>Free transactions.<\/strong> KOHO supports unlimited transactions, so you can use your account to pay bills, send e-Transfers and make purchases as needed.<\/li><li><strong>Earn up to <b>3.50%<\/b><span class=\"table-popover\" rel=\"popover\" data-content=\"Opt-in to earn up to 3.50% interest. Interest calculated: daily. Interest paid: monthly.\" title=\"\" data-original-title=\"More info\"> interest.<\/span><\/strong> With interest of up to <b>3.50%<\/b><span class=\"table-popover\" rel=\"popover\" data-content=\"Opt-in to earn up to 3.50% interest. Interest calculated: daily. Interest paid: monthly.\" title=\"\" data-original-title=\"More info\"> on a KOHO Everything plan, you can access one of the best high interest savings account rates on the market.<\/span><\/li><li><strong>Earn up to 2% cash back.<\/strong> All KOHO plans offer cash back when you spend with your prepaid Mastercard, and the earn rate climbs up to 2% cash back with an Everything plan.<\/li><li><strong>Highly rated mobile app.<\/strong> The KOHO app has an average rating of 4.7\/5 or higher based on tens of thousands of user reviews across Google Play and the Apple App Store.<\/li><li><strong>Credit score monitoring.<\/strong> You can take advantage of one free credit score check per month on all KOHO plans.<\/li><li><strong>Budgeting tools.<\/strong> KOHO offers an in-app budgeting tool to help you track and manage your spending plus features like RoundUps to help you reach your savings goals.<\/li><li><strong>Other products.<\/strong> If you need to improve your credit score or access a short-term loan, KOHO\u2019s product range provides options worth checking out.<\/li><\/ul><h4>Cons<\/h4><ul class=\"list-12\"><li><strong>No ATM network.<\/strong> KOHO doesn\u2019t have its own ATM network for free withdrawals, so you may be charged a $2 \u2013 $3 out-of-network fee when you withdraw cash.<\/li><li><strong>Monthly fees.<\/strong> Two of KOHO\u2019s three account plans come with monthly fees, while other services like KOHO Cover incur extra fees. If you want to access the highest interest rate on your savings and earn the highest possible cash back on your spending, you\u2019ll need to pay $14.75<span class=\"table-popover\" rel=\"popover\" data-content=\"This account is $14.75 per month if billed yearly or $22.00 per month if billed monthly.\" title=\"\" data-original-title=\"More info\"> for the Everything plan.<\/span><\/li><li><strong>No branches.<\/strong> KOHO doesn\u2019t have a physical branch network, so you can\u2019t visit a location in person if you want face-to-face customer service.<\/li><li><strong>No cheque deposits.<\/strong> You currently cannot deposit cheques into your KOHO account, although the cheque deposit feature is listed as \u201ccoming soon.\u201d<\/li><li><strong>Some features not yet available.<\/strong> Some other KOHO features are also still being developed, including a line of credit, the KOHO Metal Card and KOHO Pay Later.<\/li><li><strong>No wire transfers.<\/strong> KOHO accounts don\u2019t have SWIFT Codes, International Bank Account Numbers (IBANs) or Bank Identifier Codes (BICs), so they can\u2019t receive wire transfers.<\/li><li><strong>No overseas transfers.<\/strong> You can\u2019t use your KOHO account to send money overseas. KOHO instead recommends using third-party service Wise for international transfers.<\/li><\/ul><h3>Bottom line<\/h3><p>If you\u2019re comfortable managing your money digitally, there\u2019s plenty to like about KOHO. It\u2019s convenient for day-to-day transactions, rewards you for spending money as well as saving and offers a user-friendly mobile app.<\/p><p>It does have some shortcomings\u2014like no ATM network and the fact that some features are still being developed\u2014and you\u2019ll need to be prepared to pay a monthly fee for at least two out of three plans. But if you\u2019re searching for a competitive savings rate, easy access to your funds and a range of other perks, KOHO could be the perfect choice.<\/p><p style=\"text-align: center;\"><\/p><h3>Frequently asked questions about KOHO<\/h3><ul class=\"luna-accordionGroup accordionGroup\">\n\t<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000000\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000000\">\n                <span class=\"luna-accordion__title\">Who owns KOHO?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000000\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>KOHO is a Vancouver-based fintech that was founded in 2014. KOHO was founded by Daniel Eberhard, Jonathan Bixby, Joshua Bixby and Mike Benna. Eberhard is KOHO's CEO, and the company has received investment from firms like Drive Capital, Portag3, BDC and TTV Capital.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000001\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000001\">\n                <span class=\"luna-accordion__title\">What is KOHO used for?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000001\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>KOHO offers a prepaid Mastercard and a hybrid account that can be used for everyday transactions and spending as well as saving money. It supports unlimited transactions including free e-Transfers, pays cash back on your card purchases and pays a competitive savings interest rate on your entire account balance.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000002\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000002\">\n                <span class=\"luna-accordion__title\">Does KOHO offer cash advances?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000002\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Yes. KOHO Cover provides interest-free cash advances of up to $250. You can apply without a credit check and get funded within minutes, but you'll need to pay a fee of at least $2 to access an advance.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000003\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000003\">\n                <span class=\"luna-accordion__title\">Which bank supports KOHO?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000003\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>KOHO is partnered with Peoples Trust, a federally regulated bank that holds the funds you deposit onto your KOHO card. KOHO Financial is not a bank, but as of the time of writing, it is in the process of working to get a Schedule 1 banking licence.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000004\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000004\">\n                <span class=\"luna-accordion__title\">How much is KOHO's monthly fee?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000004\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>KOHO's monthly fee varies depending on the account plan you choose. The base <strong>Essential plan<\/strong> has a $4 monthly fee that can be waived if you meet certain conditions, the mid-tier <strong>Extra plan<\/strong> costs $12\/month billed yearly or $18 billed monthly and the top-level <strong>Everything plan<\/strong> costs $14.75<span class=\"table-popover\" rel=\"popover\" data-content=\"This account is $14.75 per month if billed yearly or $22.00 per month if billed monthly.\" title=\"\" data-original-title=\"More info\">. The higher the plan level you choose, the more perks you can access\u2014including greater interest and cash back earning power.<\/span><\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>Open an account and enjoy a KOHO prepaid Mastercard that lets you earn cash back rewards for every purchase.<\/p>\n","protected":false},"author":516,"featured_media":1046374,"parent":769164,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"page-masthead-two-column.php","meta":{"footnotes":""},"tags":[],"class_list":["post-887058","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>KOHO Review | Earn Cash Back + Interest | Finder Canada<\/title>\n<meta name=\"description\" content=\"Enjoy a range of online chequing accounts that come with 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Eberhard is KOHO's CEO, and the company has received investment from firms like Drive Capital, Portag3, BDC and TTV Capital.\r"}},{"@type":"Question","name":"What is KOHO used for?","acceptedAnswer":{"@type":"Answer","text":"\rKOHO offers a prepaid Mastercard and a hybrid account that can be used for everyday transactions and spending as well as saving money. It supports unlimited transactions including free e-Transfers, pays cash back on your card purchases and pays a competitive savings interest rate on your entire account balance.\r"}},{"@type":"Question","name":"Does KOHO offer cash advances?","acceptedAnswer":{"@type":"Answer","text":"\rYes. KOHO Cover provides interest-free cash advances of up to $250. You can apply without a credit check and get funded within minutes, but you'll need to pay a fee of at least $2 to access an advance.\r"}},{"@type":"Question","name":"Which bank supports KOHO?","acceptedAnswer":{"@type":"Answer","text":"\rKOHO is partnered with Peoples Trust, a federally regulated bank that holds the funds you deposit onto your KOHO card. KOHO Financial is not a bank, but as of the time of writing, it is in the process of working to get a Schedule 1 banking licence.\r"}},{"@type":"Question","name":"How much is KOHO's monthly fee?","acceptedAnswer":{"@type":"Answer","text":"\rKOHO's monthly fee varies depending on the account plan you choose. The base <strong>Essential plan<\/strong> has a $4 monthly fee that can be waived if you meet certain conditions, the mid-tier <strong>Extra plan<\/strong> costs $12\/month billed yearly or $18 billed monthly and the top-level <strong>Everything plan<\/strong> costs $14.75<span class=\"table-popover\" rel=\"popover\" data-content=\"This account is $14.75 per month if billed yearly or $22.00 per month if billed monthly.\" title=\"\" data-original-title=\"More info\"<\/span>. 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